The stock of VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) gapped up by $0.04 today and has $49.03 target or 63.00% above today’s $30.08 share price. The 9 months technical chart setup indicates low risk for the $611.38 million company. The gap was reported on Nov, 17 by Barchart.com. If the $49.03 price target is reached, the company will be worth $385.17 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 13,014 shares traded hands. VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) has risen 8.82% since April 15, 2016 and is uptrending. It has outperformed by 4.20% the S&P500.
More important recent VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) news were published by: Theglobeandmail.com which released: “How to assess five new Vanguard ETFs” on August 13, 2013, also Marketwatch.com published article titled: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …”, Etfdailynews.com published: “A Closer Look Inside Vanguard Canada’s New ETFs” on August 16, 2013. More interesting news about VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) was released by: Theglobeandmail.com and their article: “Mathematician opts for stability with diversified ETF portfolio” with publication date: July 22, 2016.
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